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General News of Wednesday, 19 October 2016


70 die out of frustration over DKM Micro Finance ‘scam’

About 70 persons are reported to have died as a result of frustration in their attempts to retrieve the investments from defunct Ponzi Micro Finance Company DKM according to the Member of Parliament for Nkoranza North Derek Oduro(Major[Rtd]).

He disclosed that the number includes two latest deaths recorded at Berekum in the Brong Ahafo Region after they received paltry sums as refunds of their huge investments from a liquidator appointed to sell off DKM properties.

Mr Oduro is worried the situation could get worse considering how victims invested their life savings into the scheme only be duped and government and officials of the Bank of Ghana (BoG) look on indifferently.

“So far about 70 people have died since DKM was closed down. Government has also disappointed the people after promising to refund their investments only to go and is giving them an insignificant fraction”, he said on the Ultimate Breakfast Show.

According to him, the situation should be of National Security concern and be dealt with as such advising government to eschew politics in the matter and come to the rescue of the thousands of residents who have lost their investments.

“Let us not play politics with the DKM situation at all. People are suffering and are very angry with the government because it has failed to retrieve their monies for them. Government itself is culpable in the woes of the aggrieved DKM victims. The company was operating without problems until they went and placed a moratorium leading to panic withdrawals”, he stated.

He indicated that promises by government functionaries to facilitate the reimbursement of the numerous customers have not been fulfilled and therefore called for immediate steps in dealing with the situation.